Presentation re acqusition of Evander on website

Pan African Resources plc                                                      
                                                                               
(Incorporated and registered in England                                        
and Wales under Companies Act 1985 with                                        
registered number 3937466 on 25                                                
February 2000)                                                                 
                                                                               
Share code on AIM: PAF                                                         
                                                                               
Share code on JSE: PAN                                                         
                                                                               
ISIN: GB0004300496                                                             
                                                                               
("Pan African")                                                                

JOINT BRIEFING PRESENTATION BY PAN AFRICAN AND WITS GOLD

Pan African and Wits Gold hosted a joint briefing on Monday, 30 January 2012 at
the Auditorium, Eversheds, 22 Fredman Drive Sandton at 16h05 Central African
Time ("CAT")/ 14h05 Greenwich Mean Time ("GMT")/ 09h05 Eastern Standard Time
("EST"). At the briefing a presentation was delivered to analysts, fund
managers, members of the press and investors.

The presentation dealt with the joint acquisition by Pan African and Wits Gold
of 100% of Evander Gold Mines Limited, a wholly-owned subsidiary of Harmony
Gold Mining Company Limited, as announced to shareholders on the same day.

The presentation is available for download from Pan African's website hosted at
www.panafricanresources.com.

Johannesburg

31 January 2012

JSE Sponsor to Pan African:                                                    
                                                                               
Macquarie First South Capital (Pty)                                            
Limited                                                                        
                                                                               
Nominated Adviser and Broker to Pan                                            
African                                                                        
                                                                               
RBC Capital Markets                                                            
                                                                               
For further information please contact:                                        
                                                                               
On behalf of Pan African:                                                      
                                                                               
Vestor Investor Relations                                                      
                                                                               
Louise Brugman                                                                 
                                                                               
Office: [phone]                                                        
                                                                               
Gable Communications                                                           
                                                                               
Justine James                                                                  
                                                                               
Office: [phone]                                                       
                                                                               
St James's Corporate Services Limited                                          
                                                                               
Phil Dexter                                                                    
                                                                               
[phone]